Reported 8 months ago
Formosa Plastics held its shareholders' meeting on June 20, with Chairman Lin Chien-Nan passing the baton to GM Guo Wenbi and becoming Formosa Plastics' chief advisor. Due to last year's global demand contraction and oversupply from China's expansion, causing severe oversupply and intense price competition, the petrochemical industry is facing an unprecedented downturn. However, Formosa Plastics will collaborate with NVIDIA to develop AI applications in the petrochemical industry to ensure smooth factory operations and maintain high utilization rates, aiming to overcome challenges together.
Source: YAHOO